Just signed up for one of these through AARP.
Looks like I can buy all my building materials for my spec house (and everything else) and get 5% cash back for the first 6 months.
Is there something I'm missing? Seems too good to be true. Is there a catch?
Interest
Gordon.,
I plan on paying it off every month. (We haven't had any debt since 1987.)
I think it has a limit on the amount you can get the 5% back on. It seems like it is 5% cash back on the first $2,000 then it drops down to 1% or something less.
Interest
It is like they are fishing, as long as you don't swallow too much of the bait and get the hook caught, then you should be fine.
Interest
I have a similar card with Discover...the catch is that you won't get more than $400.00 per month in cash back...although I've never charged $8000 in a month and don't plan too...
